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NYC's storied Four Seasons restaurant relocating

Four Seasons restaurant co-owner Julian Niccolini shows the provenance of one of the chairs in the bar room at the restaurant in New York, Friday, April 29, 2016. New York's original power lunch restaurant is closing and everything must go. Photo Credit: AP

NEW YORK - A restaurant considered by many to be New York City's original power lunch spot has found a new location.

The Four Seasons has been a favorite of celebrities and business titans since it opened in the landmark Seagram Building in 1959. It is scheduled to close in July. The building's owner said last year he was not renewing the lease.

Restaurant owners Alex von Bidder and Julian Niccolini said Saturday they are relocating the restaurant to 280 Park Ave., an office tower on Manhattan's East Side. An 18-month renovation of the space will begin next week.